Yokogawa Wins Control System Order for Yamal LNG Project in Russia

Tokyo, Japan - January 7, 2014

Yokogawa Electric Corporation is pleased to announce that its subsidiary Yokogawa Europe Solutions B.V. has been awarded a contract by Yamgaz, a consortium of Technip and JGC Corporation, to supply integrated control and safety systems (ICSS) for the Yamal LNG Project to build a liquefied natural gas plant and other facilities at Sabetta on Russia's Yamal Peninsula, which is in northwest Siberia, above the Arctic Circle, in the Yamal-Nenets Autonomous District.

The Yamal LNG Project is one of Russia's largest resource projects and is being undertaken by JSC Yamal LNG, which is jointly owned by Novatek (80%), Russia's largest independent oil and gas company, and Total (20%), a major French energy company. As part of this project, a major integrated complex for the liquefaction of natural gas will be built that will have a design production capacity of 16.5 million tons per annum. The three process trains that will make up this complex will have an annual production output of 5.5 million tons each, and are planned to be commissioned in 2016, 2017, and 2018, respectively.

For this project, Yokogawa will supply CENTUM^® VP integrated production control systems, ProSafe^®-RS safety instrumented systems, Exaquantum™ plant information management systems, PRM^® integrated device management packages for the monitoring and diagnosis of plant equipment, analytical systems, analyzer shelters, and operator training systems. Yokogawa will be responsible for delivery, engineering, installation, commissioning, and operator training. It is estimated that this will be Yokogawa's largest order ever for a natural gas project in Russia.

Russia holds one of the world's largest natural gas reserves and is particularly active in the LNG field, with many projects underway. It is believed that there are many undeveloped natural gas fields on the Yamal Peninsula and that the amount of LNG produced there will increase. Our systems are in use at 47 gas liquefaction plants and 42 LNG receiving terminals around the world, and are used by or are on order for a total of 54 LNG carriers. Based on this strong track record, we welcome this major role in the Yamal LNG Project, look forward to getting started with it, and plan to use this as a springboard to expanding our share of Russia's LNG-related market.

Our Activities in Russia and Other CIS Nations

Yokogawa has had a foothold in the Russian market since 1993, when it opened a representative office in Moscow. In 1997, our subsidiary was founded there to launch this business on a full scale. We have been aggressively expanding our business not only in Russia but also in other CIS nations, and have reinforced our customer services by setting up sales offices and establishing technical centers. In Russia, we have participated in very large energy development projects such as Sakhalin II, for which we delivered control, monitoring, safety, and other systems for two offshore platforms, the onshore production facilities, and pipelines.

About Yokogawa

Yokogawa's global network of 88 companies spans 55 countries. Founded in 1915, the US$4 billion company conducts cutting-edge research and innovation. Yokogawa is engaged in the industrial automation and control (IA), test and measurement, and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. For more information about Yokogawa, please visit the company's website www.yokogawa.com